Is Power Ranch, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Power Ranch has remained a Seller's Market.
Housing Prices in Power Ranch, AZ
How much do homes in Power Ranch, AZ cost?
Median Sold Price
$527,500
$256/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Power Ranch was $527,500 in April 2024, the same as last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $475K | $464.9K | -2.1% |
3 Bedrooms | $468K | $461.2K | -1.4% |
4 Bedrooms | $560K | $559.9K | 0% |
5+ Bedrooms | $672.5K | $784K | +16.6% |
Summary: Power Ranch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 16.6%.
Median Sold Price Compared To Nearby Neighborhoods
Power Ranch | $527.5K | $527.5K | 0.0% |
San Tan Ranch | $530K | $495K | -6.6% |
Coronado Ranch | $632.5K | $590K | -6.7% |
Housing Supply in Power Ranch, AZ
How many homes are available in Power Ranch, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 40 | -4.8% |
Summary: The Power Ranch real estate market had 40 homes for sale in April 2024, a 4.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 19 | 17 | -10.5% |
4 Bedrooms | 18 | 17 | -5.6% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Power Ranch housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Power Ranch in April 2024, down by 18.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.
Days on Market for Power Ranch, AZ
How long does it take to sell a home in Power Ranch, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
88 Days | 39 Days | -55.7% |
Summary: Homes in Power Ranch had an average of 39 days on market in Apr 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Power Ranch; 38% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.